BETTER VISION INSTITUTE EDUCATIONA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

ASHLEY MILLS

Phone

7037409919

Tax Period

2023-01-01 to 2023-12-31

BETTER VISION INSTITUTE EDUCATIONAL FOUNDATION INC, founded in 1989, is a micro nonprofit that reported $4K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $52K exceeded revenue, resulting in a 1189% operating deficit.

Mission

THE BETTER VISION INSTITUTE IS THE 501C3 ORGANIZATION ASSOCIATED WITH THE PARENT 501C6 COMPANY, THE VISION COUNCIL. THE PURPOSE OF THE ORGANIZATION IS TO INCREASE PUBLIC AWARENESS OF THE NEED FOR EYECARE, TO EDUCATE THE PUBLIC OF NEW PRODUCT DEVELOPMENT AND TECHNOLOGY WHICH WILL AID IN PROTECTING, PRESERVING AND ENHANCING VISION, AND TO ENCOURAGE RESEARCH AND PUBLISH INFORMATION RELATING TO VISION CARE AND VISION CARE PRODUCTS.

Program Service Accomplishments

Program 1

Expenses: $51,491

THE VISION COUNCIL, THROUGH THE BETTER VISION INSTITUTE, IS PLEASED TO SPONSOR OPENING YOUR EYES: THE VISION COUNCIL SCHOLARSHIP FUND, A 501 (C)(3) ORGANIZATION DESIGNED TO SUPPORT HIGH SCHOOL...

THE VISION COUNCIL, THROUGH THE BETTER VISION INSTITUTE, IS PLEASED TO SPONSOR OPENING YOUR EYES: THE VISION COUNCIL SCHOLARSHIP FUND, A 501 (C)(3) ORGANIZATION DESIGNED TO SUPPORT HIGH SCHOOL STUDENTS FROM DIVERSE BACKGROUNDS THROUGHOUT THE UNITED STATES WHO HAVE AN INTEREST IN PURSUING A CAREER IN THE OPTICAL INDUSTRY. THE PROGRAM WILL SUPPORT SELECTED OPTICIANRY STUDENTS THROUGH MONETARY SCHOLARSHIPS. THE INTENT OF THE PROGRAM IS TO LAUNCH A FAR-REACHING EFFORT THAT CAN EXPAND DIVERSITY IN THE OPTICAL INDUSTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,000

Program Service Revenue $0

Investment Income $13

Other Revenue $0

TOTAL REVENUE $4,013

Expense Breakdown

Grants Paid $50,338

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,491

Other Expenses $1,378

TOTAL EXPENSES $51,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,013	$31,157	-0.9%
Expenses	$51,716	$162,373	-0.7%
Net Income	$-47,703	$-131,216	-0.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

250

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$744,384

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN ROBERTS	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT SHAPIRO	CHAIR	1.00	Officer Director	$0	$0	$0
ROSS BROWNLEE	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
JAMES ROSIN	VICE CHAIR	0.50	Director	$0	$0	$0
KATE DOERKSEN	DIRECTOR	0.50	Director	$0	$0	$0
EARNIE FRANKLIN	DIRECTOR	0.50	Director	$0	$0	$0
LUDOVIC LADREYT	DIRECTOR	0.50	Director	$0	$0	$0
DAVID MILAN	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW WONG	DIRECTOR	0.50	Director	$0	$0	$0
FREDRIC JAMES GRETHEL	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER DERRYBERRY	DIRECTOR	0.50	Director	$0	$0	$0
JERRY WARNER III	DIRECTOR	0.50	Director	$0	$0	$0
DARREN HORNDASCH	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW COON	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL DALEY JR	DIRECTOR	0.50	Director	$0	$0	$0
HENRY GREENE	DIRECTOR	0.50	Director	$0	$0	$0
STEVE HOROWITZ	DIRECTOR	0.50	Director	$0	$0	$0
BIDISHA RUDRA	DIRECTOR	0.50	Director	$0	$0	$0
TOM SCHROEDER	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN SHANBAUM	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEY MILLS	CHIEF EXECUTIVE OFFICER	2.00	Officer	$0	$18,716	$410,624
BRIAN CARROLL	CFO/COO	0.50	Officer	$0	$41,675	$333,760

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$4,013	$51,716	$298,461	$-47,703
2022	$31,157	$162,373	$395,553	$-131,216
2021	$438,364	$104,528	$810,824	$333,836

BETTER VISION INSTITUTE EDUCATIONAL FOUNDATION INC